CHINALCO CONFIRMS JOINT VENTURE TALKS

Ulaanbaatar, /MONTSAME/ China's top state-owned nonferrous metals company Chinalco has confirmed that it is in talks with Rio Tinto about potential joint ventures in Mongolia, Reuters reported citing a Chinese newspaper on Wednesday.
The Oriental Morning Post quoted Chinalco vice-president Lu Youqing as saying the two companies were talking about jointly investing in and developing the Mongolian Oyu Tolgoi copper-gold project, led by Rio's partner Ivanhoe Mines.
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